David Jones’ future looks grim. Is Myer next?

With Myer’s profitability battered and share price languishing near all-time lows, DJs’ slide into administration raises an uncomfortable question

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When the retailer’s doors slide open, shoppers are greeted by rows of slashed price tags, frantic discounting, and all the other hallmarks of a department store closing down.

Except, this isn’t David Jones, the embattled upmarket retailer that is shutting half its 38 stores.